Loan Officer

Benchmark Mortgage in Flemington, NJ is looking for an experienced Loan Officer to join our growing team. We are a community of mortgage professionals that are united by the Benchmark core values of success, relationships, dynamic, excellence and positive attitude. The Loan Officer will take residential mortgage loan applications from consumers and offer or negotiate terms of a residential mortgage loan.

Job Duties & Responsibilities

• Build relationships with individuals, including existing clients, past clients, and real estate professionals, to generate referral business
• Analyze information to determine the programs best meeting the needs of the consumer
• Gather the data necessary for a complete loan application
• Generate and provide the initial documents and disclosures for the program to the applicant
• Obtain the applicant’s signature on initial documents and disclosures
• Receive, collect, and distribute information common for processing and underwriting of residential mortgage loans
• Provide all applicable initial documents and disclosures to the loan processor
• Manage pipeline of applications in compliance with state and federal regulations
• Ensure compliance with applicable state and federal laws and regulations, including but not limited to Equal Credit Opportunity Act (ECOA) and Real Estate Settlement Procedures Act (RESPA)
• Ensure compliance with Benchmark policies and procedures, including but not limited to Fair Lending and the Employee Handbook
• Provide guidance and information to the relevant risks and benefits of each program the consumer is qualified for, effectively explaining and communicating the terms of each product
• Ensure disclosures and documents are understood by the applicant before requiring the applicant’s signature
• Communicate with the applicant throughout the process

Job Requirements

• Excellent communications skills in generating leads for future potential mortgage loans
• Broad knowledge and skills in selling, packaging, and closing residential mortgage loans
• Demonstrated ability to take an accurate mortgage loan application from a consumer
• Demonstrated ability to analyze information to determine the programs best meeting the needs of the consumer
• Excellent skills in attention to detail and customer service
• Broad knowledge and experience with various mortgage loan products, including FHA, VA conventional, construction-permanent, and second lien mortgage products
• Knowledge of mortgage lending compliance and regulatory requirements
• General knowledge of credit reports as well as LTV, CLTV and debt-to-income ratios
• Above average skills in implementing and adapting a market strategy to prospective clients
• Demonstrated ability to quickly adapt and learn market changes and programs
• Proficiency in computer software for mortgage lenders
• Multi-lingual capabilities a plus

Education and Experience

• High school diploma or equivalent required; four year college degree preferred
• 1+ years mortgage origination experience preferred
• Has experience working with builder business accounts
• New construction home financing experience preferred
• Licensed in market area state in compliance with state law and the federal Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act)
• Current in continuing education requirements for the state where licensed
• Registered in the Nationwide Mortgage Licensing System and Registry (NMLS)
• Professional designations such as Certified Mortgage Banker (CMB), Certified Mortgage Consultant (CMC), Certified Mortgage Planning Specialist (CMPS), and so on preferred